Blackham drilling extends depth at Matilda

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THE DRILL SERGEANT: Blackham Resources (ASX: BLK) received results from resource infill and extension drilling conducted at the company’s Matilda gold project in Western Australia.

The company said the deeper drilling results, including 2 metres at 6.98 grams per tonne gold from 419m, confirm the high-grade Matilda mineralised system extends a further 250m down-plunge of previous high-rade drill intercepts, and remains open down plunge.

High-grade mineralisation at Matilda is now known to extend to greater than 400m vertical depth.

The drilling has extended higher grade shoots at M3, M4 and M10 pits and include:

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4m at 7.94 grams per tonne gold from 69m and 3m at 9.44g/t gold from 104m M10;

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4m at 5.75 g/t from 6m M10;

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5m at 2.94 g/t from 37m and 2m at 6.35 g/t from 82m M10;

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9m at 3.05 g/t from 133m, incl 2m at 6.57 g/t from 137m M3; and

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16m at 2.31 g/t from 163m, incl 1m at 11.5 g/t from 163m M4;

Blackham said extensions to M6 confirm the mining potential of new resource area, these included:

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12m at 2.98 g/t from 42m (EOH).

“Previously, Matilda deposits had been tested to only 300 metres below surface; these results demonstrate that Matilda is a large mineralised system which remains open at depth and, significantly, shows longer term potential for underground mining,” Blackham Resources said in its ASX announcement.

“Follow up drilling is planned to test the plunging shoots at depth.”

The Matilda Mine mineral resource currently stands at 13.1 million tonnes at 1.7g/t gold for 721,000 ounces of gold with 61 per cent in the Measured and Indicated Resource categories (8 million tonnes at 1.8g/t for 460,000 ounces).

The Matilda Mining Centre is intended as a base load feed of soft oxide ore for up to 1.7 million tonnes per annum through the Wiluna gold plant.

Email: info@blackhamresources.com.au

Website: www.blackhamresources.com.au